Irsa Inversion Stock Price, News & Analysis

IRSA Inversiones y Representaciones S.A. (NYSE: IRS) announces the approval of its largest project, Costa Urbana, in Buenos Aires. The new regulations allow for the development of approximately 70 hectares with a construction capacity of 895,000 sqm, enabling a mix of residential, commercial, and public spaces. The company will allocate 50.8 hectares for public use and invest up to USD 40 million in infrastructure. CEO Eduardo Elsztain highlights this milestone as a catalyst for growth and employment, aiming to enhance the urban landscape and accessibility to the Río de la Plata.

IRSA Inversiones y Representaciones S.A. (NYSE: IRS) reported its Q1 FY 2022 results, ending September 30, 2021. The rental segment showed recovery, with an adjusted EBITDA of ARS 2,152 million but is still down 36.5% year-over-year. The net loss for the quarter was ARS 1,014 million, a stark contrast to last year's profit of ARS 22,468 million, mainly due to changes in the fair value of investment properties. A corporate merger process with IRSA CP was approved, and the subsidiary sold three floors of a commercial building for USD 32 million.

IRSA Inversiones y Representaciones S.A. (NYSE: IRS) has filed its 20F Form for Fiscal Year 2021, which ended on June 30, 2021. This document is accessible on the Company's website, and shareholders can request a hard copy of the audited financial statements at no cost. Additionally, in line with a corporate reorganization process announced on September 30, 2021, IRSA filed a F-4 form with the SEC. The 20F and F-4 filings are crucial for shareholders and investors to review the company's financial status and compliance.

IRSA Inversiones y Representaciones has announced a merger with IRSA Propiedades Comerciales (IRS) after receiving Board approval. The merger will see IRSA absorb IRSA PC, with an exchange ratio of 1.40 IRSA shares for each IRSA PC share. The reorganization aligns with Article 82 of the General Law of Companies and is set to take effect on July 1, 2021, contingent on shareholder approval and the SEC's administrative endorsement. Both companies released their merger financial statements as of June 30, 2021.

IRSA Inversiones y Representaciones S.A. (NYSE: IRS) reported its FY 2021 results, ending June 30, 2021, indicating significant impacts from the COVID-19 pandemic. During the year, tenant sales for malls decreased by 27.8% and revenues fell by 40.3%. Adjusted EBITDA for rental segments was ARS 4,223 million, down 55.1%. Overall, the company faced a net loss of ARS 37,591 million, influenced by operational setbacks and tax rate changes. However, the company generated ARS 13,284 million in total Adjusted EBITDA, benefiting from investment property sales.

IRSA Inversiones y Representaciones S.A. (NYSE: IRS) reported a loss of ARS 14,712 million for the first nine months of FY 2021, up from ARS 5,975 million the previous year. Loss from continuing operations was ARS 6,670 million, affected by negative fair value adjustments in investment properties. Adjusted EBITDA increased by 57.8% to ARS 11,604 million, driven by the Sales and Developments segment. The company issued USD 65.5 million in market notes and raised USD 28.8 million through a capital increase.

IRSA Inversiones y Representaciones Sociedad Anónima (NYSE: IRS) plans to submit an amended registration statement for a rights offering to existing shareholders, with record dates set for April 16, 2021. Shareholders can subscribe to 0.1382465082 new Global Depositary Shares (GDSs) or common shares for each share held, at indicative prices of US$3.60 for GDSs and US$0.36 for common shares. The subscription period runs from April 19 to May 3 for GDSs and May 6 for common shares. Each new share includes warrants, but the company retains the right to cancel the offering.

IRSA Inversiones y Representaciones S.A. (NYSE: IRS) reported a net loss of ARS 1,164 million for the first half of fiscal year 2021, a significant decline from a gain of ARS 6,611 million in the same period of 2020. The result from continuing operations showed a gain of ARS 5,956 million, driven by increased fair value of investment properties, while discontinued operations resulted in a loss of ARS 7,120 million. Adjusted EBITDA reached ARS 8,055 million, up 76.9% year-over-year. Shopping malls showed recovery in sales following reopening, and the company completed a successful exchange offer for Series I Notes valued at USD 181.5 million.

IRSA Inversiones y Representaciones S.A. (NYSE: IRS) reported a net gain of ARS 8,340 million for Q1 FY 2021, down from ARS 15,017 million a year earlier. The company noted a loss of ARS 6,396 million from discontinued operations due to investment deconsolidation in Israel. Adjusted EBITDA surged 155% to ARS 4,786 million, primarily driven by the Sales and Developments segment. Following the quarter, the company exchanged Class I Notes worth USD 181.5 million and declared a share dividend of ARS 484 million.